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Living Trust Property Record Wisconsin Form

Living Trust Property Record Wisconsin Form

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How much money do you need to have to form a revocable living trust? I get asked this question quite often. The answer; there is no minimum or maximum amount to where it makes sense to think about revocable living trust it just depends on each situation and what you're trying to do. Now in Wisconsin for any estate worth more than $50,000 it must go through a formal probate process. if you have an estate valued at less than $50,000 of probate assets there is a more simplified process that might be possible for your estate to go through but for most people if they own a home or any other real estate they're often over that $50,000 limit. Whether you want to form a revocable living trust or not comes down to other factors including your thoughts on privacy whether you want to avoid probate or not and whether you want to plan to avoid a guardianship. Watch my other videos for some of the top reasons people form revocable living trusts but the short answer is there minimum a

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